Dexia allocates NIS 247 million credit to local authorities

The credit will finance the recovery plans of some local authorities.

Dexia Israel (Public Finance) Ltd. (TASE:DXIL) is allocating a maximum of NIS 247 million credit for Israel's local authorities.

The credit will be allocated against guarantees of 15%-45% of the amount of credit made available by the Ministry of Interior.

Dexia Israel is controlled by Franco-Belgian bank, Dexia (Euronext: DXB; LSE: DEX), and is managed by David Kapah.

The credit will finance the recovery plans of some local authorities.

Dexia yesterday signed an agreement with the Ministry of Finance and the Accountant General regarding the credit to be made available.

The agreement is valid for two years and no loans have yet been approved from this new allocation.

Published by Globes [online], Israel business news - www.globes-online.com - on June 30, 2009

© Copyright of Globes Publisher Itonut (1983) Ltd. 2009

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Twitter Facebook Linkedin RSS Newsletters גלובס Israel Business Conference 2018